Tax Account definition

Tax Account shall have the meaning set forth in Section 8.6 hereof.

Tax Account shall have the meaning set forth in Section 3.1 hereof.

Tax Account means an account on the Mortgagee’s books of account relating to this Mortgage, to which payments made by the Mortgagor or the Mortgagee pursuant to paragraph 4.6 hereof may, at the option of the Mortgagee, be credited or debited;

Examples of Tax Account in a sentence

• Any Tax Funds remaining in the Tax Account after the Obligations have been paid in full shall be returned to Borrower.

• Amounts deposited from time to time into the Tax Account pursuant to this Section 6.3.1 are referred to herein as the “Tax Funds”.

• Provided there are sufficient amounts in the Tax Account and Insurance Account, respectively, and no Event of Default exists, Lender shall be obligated to pay the Taxes and Insurance Premiums as they become due on their respective due dates on behalf of Borrower by applying the Tax and Insurance Funds to the payment of such Taxes and Insurance Premiums.

• Applicants need not have a City of Philadelphia Business Privilege Tax Account Number and Business Privilege License Number to respond to this RFP, but will, in most circumstances, be required to obtain one or both if selected for award of the contract contemplated by the RFP.

• SECOND, losses shall be allocated to Investors to the extent of the negative difference (if any) between the Capital Account balance and Tax Account balance attributable to their remaining Units.

More Definitions of Tax Account

Tax Account shall have the meaning given to such term in SECTION 9.9.

Tax Account shall have the meaning set forth in the Mortgage Loan Agreement.

Tax Account means an account on the Chargee’s books of account relating to the Mortgage, to which payments made by the Chargor or the Chargee pursuant to paragraph 4.6 hereof may, at the option of the Chargee, be credited or debited;

Tax Account has the meaning specified in Section 3.01(c)(i).

Tax Account means an account or accounts: (i) bearing the name of Operator (or any Lender or other third party nominated by a Lender following enforcement of Lien); (ii) established by Operator in a bank selected by Operator; and (iii) maintained by Operator (or any Lender or other third party nominated by a Lender following enforcement of Lien) to hold the funds for and to pay all Macau Gaming Taxes pursuant to Section 8.3.

Tax Account as defined in Section 2.1(c).

Tax Account means the “Tax and Insurance Account” established pursuant to the Senior Cash Management Agreement.